@RumChicken it is blockchain technology like bitcoin but instead of the blockchain just being comprised of the transaction ledgers, the Ethereum Virtual Machine platform is a chain of blockchains where you can run actual programs on the the blockchain as well.

so instead of just verifying the transaction ledger, the miners' computer power and electricity goes to running the programs as well.

the downsides are if you write a bad smart contract (program) with security vulnerabilities, that could be exploited. like with the hack of the DAO.

they call it the decentralized world computer or i've even heard it called the 4th industrial revolution. it should eventually speed up and facilitate automation in our daily lives instead of just mostly having that happen in factories and grocery stores and the like.

@Poker_Star Doesn't matter. Bitcoin inflation will be higher than eth inflation in 1 year, and will remain higher for over 1000 years.

6 months ago

Stark_Naked

I havent heard of anything bitcoin does that ethereum doesn't do. There is plenty that the modern cryptocurrency that matches where the blockchain has evolved to does that bitcoin doesn't and can't do.

6 months ago

MPmaster

how profitable is etherium mining right now? what's the ROI?

6 months ago

New_Cliche

@MPmasterI read a post that a solid rig costs about $1000 to build and it will pay for itself in 3 months. I'm tempted to invest in one, but I don't have the patience to learn all the nerd shit and know how to fix and update things.

6 months ago

SniperWish

@New_Cliche3 months? that's if the price stays stable, if it doubles then it'll be 6 weeks

6 months ago

Need_TLC

I wish I could buy ether right now. I can't even make a loan to a bank atm.

I'm poor with cash so I should have bought back when it was under 10 dollars a pop.

6 months ago

Booteefool

@Need_TLCyou should get en ethereum tshirt with a QR code for donations and make a different person in your family wear it each day. advertise it and collect donations through the shirt.

eth is the future

6 months ago

SniperWish

Once this halving madness is over and people get there brains back ether going to $25

6 months ago

DeathDog

Is anybody taking advantage of the ease of GDAX and their btc/eth trading? Seems like an easy way to increase a holding of either preference coin.

6 months ago

New_Cliche

@SniperWishmaybe sooner than that because people trying to get away from the halving effects will most likely go into ETH

6 months ago

MPmaster

Dear DAO hacker,

I know you browse Veeky Forums, please send me some already *owned* (before DAO) ETH because soon you will be rich anyway. ;)0x096679660d18d6b17a506fa435d3b3d3c6528cbb

Thank you.-mfw he actually delivers

6 months ago

iluvmen

@MPmasterThe Ethereum miners soft forked today. The fork starts at block 1,800,000. The DAO hacker won't be able to sell his ether.

Now they're debating whether to burn the ether or return it to the DAO investors with a hard fork.

6 months ago

RumChicken

@iluvmenbum it usually means to mooch it, to take it like bumming a cig. i think they're thinking about just blacklisting it and burying it in a hole with that sf.

that seems like the overall current supply can will drop. maybe it will help it make it back up over that 14/15usd marks soon.

6 months ago

TreeEater

I'm sure the thief made plenty when he shorted DAO and ETH. No matter what all the library assholes say. I am fucking stoked that they at least didn't give away 50 million ETH on principle! Alpha move Vitalyk.

6 months ago

idontknow

@TreeEatershorted pre-attack you must mean. sf was the right move. hopefully ethereum can put this dao thing behind it.

eth leaves a sour taste in peoples' mouths too much for them to look into what it is and discover that it is actually legitimate enough declaration when people say it could be the 4th industrial revolution.

seamless integration of the financial security of the blockchain and the near turing-complete functionality crowdsourcing the processing power from miners' computers for eth gas.

the decentralized world computer. no downloading the program nor needing a hosting server to run it. just facilitating payments after agreements for actions and with different commands instantly. automated. no bank or card middle man and now no middle man for the whole process of facilitating your service or disseminating rights to use your service made easy.

sour taste public sentiment from speculators is keeping eth staying/going over 14$ or 15$ threshold each time it gets close but once this DAO mess is over, people will be able to go back to learning about ether and the evm voluntarily.